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Saudi Central Bank Lifts Rates by 25 Basis Points

MT Newswires·09/16/2026 23:16:53
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11:16 PM EDT, 09/16/2026 (MT Newswires) -- The Saudi Central Bank on Wednesday decided to hike key rates by 25 basis points to maintain monetary stability. SAMA raised the repurchase agreement, or repo rate, to 4.50% and the reverse repo rate to 4%. The move follows the US Federal Reserve's decision to lift interest rates by 25 basis points.